Single Point Partners LLC Takes Position in Microsoft Co. (NASDAQ:MSFT)

Single Point Partners LLC bought a new position in Microsoft Co. (NASDAQ:MSFT) during the 4th quarter, HoldingsChannel reports. The fund bought 3,176 shares of the software giant’s stock, valued at approximately $1,339,000.

Other hedge funds have also recently modified their holdings of the company. Fiduciary Advisors Inc. bought a new position in Microsoft in the fourth quarter worth about $38,000. IFS Advisors LLC raised its stake in Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares during the last quarter. Avondale Wealth Management raised its position in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft in the third quarter worth approximately $62,000. Finally, Kieckhefer Group LLC bought a new position in Microsoft in the 4th quarter valued at approximately $141,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MSFT shares. Wedbush dropped their price target on shares of Microsoft from $550.00 to $475.00 and set an “outperform” rating on the stock in a report on Thursday. Mizuho reduced their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. Finally, UBS Group decreased their price target on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $505.41.

Microsoft Trading Down 2.3 %

Shares of Microsoft stock opened at $381.35 on Friday. The stock has a market cap of $2.83 trillion, a PE ratio of 30.70, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The firm has a fifty day moving average price of $392.37 and a 200 day moving average price of $414.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period last year, the firm posted $2.93 earnings per share. Equities research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.

About Microsoft

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.